Big Banks Brace for Oil Loans to Implode (CNN Money) Excerpt: “The oil crash has already caused 42 North American oil companies to file for bankruptcy since the beginning of 2015, according to a list compiled by Houston law firm Haynes and Boone. It’s only likely to get worse.”

As Greek Crisis Wears On, Times Becomes the Enemy (Deutsche Welle) Excerpt: “With the economy entering its seventh consecutive year of recession, Greece’s crisis is testing coping mechanisms to the limit and threatening even once healthy businesses.”

Oil Can Reach $20: Saudi’s Willing to Play the Long Game (Business Insider) Excerpt: “The Saudis are willing to play the long game,” Behravesh said. “While their budget is under pressure, they still have ample forex reserves and will able to last at least another year and possibly two.”

BHP Slump Outpacing Glencore, Nearing Anglo American (The Australian Financial Review) Excerpt: “The Bloomberg Commodity Index, a measure of returns for 22 raw materials, is at the lowest since at least 1991. The Bloomberg World Mining Index of 80 stocks slumped to the weakest since 2003 as fears of slower economic growth in China and a slump in oil prices fueled a fresh bout of selling.”

Personal Economics and Household Finance

Bargain Stockpiles vs. Emergency Food Supply: Know the Difference, Plan Accordingly (Backdoor Survival: Prepping with Optimism) Coupon wisely! Excerpt: “Do you ever watch those programs on television about extreme couponers? I am not much of a TV-watcher, but I’ve seen a couple of these. It is astonishing to watch people load up a heaping grocery cart, then give the cashier a thick wad of coupons and walk out of the store paying $3.11 for everything. I imagine you could build an enormous stockpile of goods this way, but is it really the best way to build a preparedness supply?”

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James Wesley Rawles

James Wesley, Rawles (JWR) is Founder and Senior Editor of SurvivalBlog, the original prepping /survival blog for when the Schumer Hits The Fan (SHTF). He began SurvivalBlog in 2005. It now reaches more than 320,000 unique visitors weekly.
JWR is a journalist, technical writer, and novelist. His survivalist novel Patriots: Surviving the Coming Collapse, is a modern classic that reached #3 on the New York Times bestsellers list. Two of his other novels have also been best New York Times bestsellers.
Jim is the originator of the American Redoubt movement and a frequent talk show guest on shows such as Alex Jones. He is also a retreat consultant specializing in off-grid living, rural relocation, and survival preparedness.

Hugh James Latimer

Hugh James Latimer (HJL) is the Managing Editor of SurvivalBlog, the original blog for prepping and survival for when SHTF, where he manages the blog's day-to-day operations, applying his diverse technical, management, and editorial expertise.
HJL earned college degrees in engineering, metallurgy, and education and has worked as Technical Editor for five international technical journals and as an engineer for Sandia National Laboratories. His deep scientific background ranges from aerospace engineering to systems administration and owning his own technology-intensive business.
HJL is a firefighter/EMT, and Ham radio operator. He's a Libertarian, an Eagle Scout, and most importantly a devoted follower of Jesus and the Bible.

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